Dip in Mortgage Rates Not Slowing Housing Bust 2: Mortgage Lenders Sing the Blues

by Wolf Richter, Wolf Street: It just keeps getting worse.  Mortgage applications to purchase a home are a forward-looking indicator of where home sales volume will be. Existing home sales that closed in November already plunged by 35% year-over-year, the 16th month in a row of year-over-year declines, making for a historic plunge. And mortgage applications […]

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